While the MSCI World Index of stocks is set for its third straight weekly decline, Hans Mikkelsen, a credit strategist at Bank of America Corp. points to gauges measuring the outlook for inflation in the next five years as the “key thing” for investors to focus on when determining the future.
“The current situation where long-term inflation expectations are robust -- despite the big declines in oil prices -- depicts a much better outlook for global growth,” he said.